TITLE

Different Bank Deposits Reacted Distinctly to Economic Crisis

PUB. DATE
May 2010
SOURCE
Best's Review;May2010, Vol. 111 Issue 1, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article explores the banking industry in the U.S. The sector has seen an increase in deposits even if lower rates are being offered by banks on all types of deposits. Bank deposits were seen to take unexpected turns since 2007 despite the bleak economic condition and regulations by the U.S. Treasury. The long-term trend of growth in bank deposits is said to be supported by higher consumer saving rates and depositors' preference for the safety of their deposits.
ACCESSION #
50613543

 

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